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Monday, November 3, 2014

What's up with the Sacramento Real Estate market???

Hello Sacramento Buyers and Sellers,

Here's my quick take on the Sacramento Real Estate Market: As a stats geek, i really pay attention to the numbers each month and try to see if the data is in line with what i'm seeing and feeling. Well, it appears that the median price is going to go down a little bit for October (the official numbers will be out late next week). From what i'm seeing and feeling in the market, we have started the traditional winter slowdown. In turn buyers have gained a bit of power.

A large majority of the market is currently slow. Many homes are sitting on the market with little activity and price reductions are becoming more common as well. Buyers are now asking for a bit more in their offers and also during the inspection period. For a majority of the market, it is slightly favoring buyers. Higher inventory, means more choices for the buyers and the sellers are having to compete with each other. With all of that having been said...

....there's still a portion of the market that is having multiple offers and lots of buyer activity. Those homes all have things in common. They are priced right (meaning the seller is not "testing the waters" at the top end of the market to see if they get lucky), the show extremely well (the sellers did work in preparing the house for the market ie touch up painting, extensive cleaning, removed the clutter and many items from the house to give it more room and be more inviting) and they have great marketing, this means excellent professional photography that stands out from the other 7 similar homes in the neighborhood. THOSE houses are still selling fast with multiple offers.

The others are sitting.

It's looking like a great winter to be on the buyers side of transaction. However, if you need to also sell, do the three important things and you'll have good luck: price it right, show well and hire an experienced agent that will put in the time to market it correctly.

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About Me

Hi, I’m Doug Reynolds

I’m a Sacramento Area Realtor that enjoys helping sellers, buyers and investors with their Real Estate needs. That means something different each and every day. Showing property, negotiating great deals, marketing my listings to stand out from the pack, coordinating the entire escrow process, attending inspections, writing contracts, meeting appraisers, cleaning the toilet of a vacant property before an open house, advising sellers on the best ways to maximize profit… I’m there through the entire process and I enjoy it all. Start to finish.

I grew up in Ventura, Ca and moved to Sacramento in 2002. Graduated from Sac State in 2006 with my degree in Real Estate and Land Use and immediately started as a Full Time Realtor. I live and specialize in the great neighborhood of College-Glenwhere I have become the top agent in the area. I married my beautiful wife in 2008 and we have two adorable daughters and a black lab. Sports is a huge passion of mine when I have free time, including soccer, baseball, Stand-Up Paddleboarding, running, cycling, hockey, snowboarding, surfing… Pretty much if it has a ball or a board, I enjoy it.

I also enjoy analyzing the Sacramento Real Estate Market stats and posting videos about the real estate market. Check out my BLOG, YouTube channeland Facebook / Google+ pages to subscribe/follow/connect. I have been a member of the Master’s Club since 2011. I believe in providing excellent service and building strong relationships based on communication and trust. My marketing and technology expertise provide a great advantage for my clients. I’m here to assist you in your home-buying and selling needs, with a focus on providing you personalized service and the benefit of my local expertise in Sacramento.